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The influence of financial market development on economic growth in BRICS countries

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  • Charles V. R. Wait
  • Tafadzwa Ruzive

Abstract

The debate about the influence of financial market development on economic growth has been ongoing for more than a century. Since Schumpeter (1912) wrote about the happenings on Lombard Street, right up to the economists of today, there is growing interest into how financial market development affects economic activity and hence economic growth. With economic […]

Suggested Citation

  • Charles V. R. Wait & Tafadzwa Ruzive, 2016. "The influence of financial market development on economic growth in BRICS countries," Working Papers 625, Economic Research Southern Africa.
    • Handle: RePEc:rza:wpaper:625
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    References listed on IDEAS

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    Cited by:

    1. Muhammad Shahbaz & Mohammad Ali Aboutorabi & Farzaneh Ahmadian Yazdi, 2024. "Foreign Capital, Natural Resource Rents and Financial Development: A New Approach," Global Business Review, International Management Institute, vol. 25(2), pages 401-420, April.
    2. Amit Pandey & Ravi Kiran & Rakesh Kumar Sharma, 2023. "Investigating the Determinants of Financial Inclusion in BRICS Economies: Panel Data Analysis Using Fixed-Effect and Cross-Section Random Effect," Sustainability, MDPI, vol. 15(2), pages 1-21, January.
    3. Jingzhu Chen & Yuemei Ji, 2022. "Is Finance Good for Growth? New Evidence from China," CESifo Working Paper Series 9882, CESifo.
    4. Fisayo Fagbemi & John Oluwasegun Ajibike, 2022. "West African Emerging Economies: Comparative Insights on Ghana’s and Nigeria’s Stock Market Development," American Journal of Economics and Business Administration, Science Publications, vol. 14(1), pages 55-67, December.
    5. Galina Gospodarchuk & Elena Zeleneva, 2022. "Assessment of Financial Development of Countries Based on the Matrix of Financial Assets," Economies, MDPI, vol. 10(5), pages 1-18, May.
    6. Marian-Pompiliu Cristescu & Raluca-Andreea Nerișanu & Maria Flori & Florin Stoica & Florentina Laura Stoica, 2021. "Analysing the Stock Market as an Economic Lever, Using a Qualitative and a Quantitative Model," Mathematics, MDPI, vol. 9(19), pages 1-19, September.
    7. Abayomi Oredegbe, 2022. "Competition and Banking Industry Stability: How Do BRICS and G7 Compare?," Journal of Emerging Market Finance, Institute for Financial Management and Research, vol. 21(1), pages 7-31, March.
    8. K. Siva Kiran Guptha & R. Prabhakar Rao, 2018. "The causal relationship between financial development and economic growth: an experience with BRICS economies," Journal of Social and Economic Development, Springer;Institute for Social and Economic Change, vol. 20(2), pages 308-326, October.

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    More about this item

    Keywords

    economic growth; Emerging economies; Financial Markets; investment; Market Regulation; Marketing; Political Union; Quantitative Methods;
    All these keywords.

    JEL classification:

    • N2 - Economic History - - Financial Markets and Institutions
    • N20 - Economic History - - Financial Markets and Institutions - - - General, International, or Comparative

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